EU deficit sanctions decision ‘illegal’

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Series Title
Series Details 14.7.04
Publication Date 14/07/2004
Content Type

In a judgment announced on 13 July 2004 the European Court of Justice has annulled a decision by EU Finance Ministers in the Council of the European Union to suspend action against Germany and France over budget deficits, in a case brought by the European Commission. The ruling has given new impetus to the debate over how to reform the Stability and Growth Pact.

Related Links
http://curia.europa.eu/en/actu/communiques/cp04/aff/cp040057en.pdf http://curia.europa.eu/en/actu/communiques/cp04/aff/cp040057en.pdf
http://news.bbc.co.uk/1/hi/business/3888901.stm http://news.bbc.co.uk/1/hi/business/3888901.stm

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